The currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline up.
An ascent up to the next resistance at 1.1667 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.14682 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochOSC Bullish Divergence’ indicator layout is discovered. The indicator shows ‘StochOSC Bullish Divergence’. chart signal.
Then a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18343 |
| 2nd High | 1.18285 |
| Next High | 1.1667 |
| Current Price | 1.15074 |
| Next Low | 1.14682 |
| 2nd Low | 1.14532 |
| 3rd Low | 1.14459 |
1.1667 – 1.18285 – 1.18343 – 1.15069 – 1.15298 – 1.17656 —
1.15061 – 1.14874 —
27.912749128699 – 42.59096643659 —
– —
1.1667 – 1773172800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –